Cofounder & CEO @initia | used to do way too much math

Omnitiaverse
Initia
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Many NFT projects are becoming Interwoven NFTs 🪢 @kamigotchiworld @zaar_gg @intergaze_xyz @ANYO_nft @TeamTuzi @RcoonsNFT Study
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Man I love talking w/ the Initia community
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There is no better community than @Initia The future of crypto is user owned. Stay Interwoven 🪢
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Everyone needs a purpose in life… (including your chain) Initia
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1+1+2=4
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Better to look for new pfps than my portfolio 🙃 pfp by @Yajuu_
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I want the @initia community to win so much they get tired of winning. Not only with Initia but the entire interwoven economy. March of the Initiates.
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The March of the Initiates. It begins.
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Full stack. Full send. The March of the Initiates. █████████▒ %
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believe in @initia 🪢
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Initia looking good here
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Full Send. Full Stack Apps. Stay interwoven, and we’ll see you all on mainnet shortly 👀
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Over 40 people contributing to Initia full time ...and even more building with us. Wait till you see our final form. Say it with me: believe in @initia 🪢
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Apps that require you to connect your wallet before seeing anything should be deleted
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Designers have cooked up something special. Releasing on Wednesday
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A message from @jennitiaj
Initializing Mainnet ▓▓▓▓▓▓▓▓▓▓▓▓▓░ 90%
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Thankful for all our partners + oh there’s so much more to be revealed soon 🦴
Interwoven rollups will bind together the modular future. Initia is proud to announce our $7.5m seed fundraise led by @Delphi_Digital and @hack_vc along with prominent angels @cobie, @dcfgod, and @SplitCapital to build a network for interwoven rollups.
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We want the Initia community to have as much ownership as possible, as early as possible 🪢
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Mark my words, 2025 will absolutely huge for Initia 🪢
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I'm betting on the @Initia community I'm betting on the Initia team I'm betting on full-stack apps I'm betting on the Interwoven Economy Full send.
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I saw the future, and it was interwoven.
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Your Jennie NFT (that you spent so much effort feeding!) represents your ownership and participation in the Initia community Glad to see other ecosystems adopting a similar approach to pre-mainnet ownership and participation
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In the early days of crypto, most blockchains inherited their economic structures from the monoliths that came before them. Incentives were often tacked on as afterthoughts: seasonal airdrops, mercenary liquidity, token rewards with no clear behavioral aim. While these short bursts could simulate growth, they failed to sustain it. What they really revealed was a systemic flaw: without economic alignment across all participants, value leaks. Incentives become noise. Users leave. At @initia, we view this challenge through a new lens. Blockchains aren't just infrastructure. They're economies. And if you believe that, then incentive design isn’t just a marketing exercise—it’s macroeconomic policy. A truly interwoven multichain economy needs more than technical interoperability. It needs economic interoperability.
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Haven't used excel this much since university
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On @Initia, every rollup is a Cosmos SDK based chain. - Initia L1 is the settlement layer - Celestia for Data Availability - Layer Zero for interoperability - Built-in oracle system Opinionated builders care about their application, and we allow them to focus on what matters 🪢
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We’ve always looked to champion the community of believers in us and the interwoven vision. And we’ve upheld that promise by making sure there is an unambiguous distribution that allocates over half the supply to active participants in the Interwoven Economy.
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you're a grown ass man and you still want to build on someone else's chain?? build your own chain. choose initia.
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ok so who wants to hear the origin story of Initia VIP
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The March of Initiates will be one to remember. The best is truly yet to come, welcome onboard 🫡 Stay interwoven.
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How many days left in March? Initia
March has been a nutty month of progress for the Interwoven Economy. It's not over yet...
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Make something wonderful. Prepare to March into the Interwoven Economy.
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As a founder, here's how we hire at Initia: Look for hyper performers who understand open ended problems and put aside differences to find solutions. Hiring correctly will make or break your company. I'm working on finding these people for Initia and make sure they’re given the resources (space, time, money, my help) to succeed.
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today (like every other day) is a good day to believe in @initia 🪢
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Working IRL >>> working online Last couple of weeks have been all hands on deck in the Initia office and seeing all the Interwoven teams mingle in person has been amazing. So much good will come from this, I am now bullish that ever on our ecosystem. Believe in @initia 🪢
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It's been almost two years since we first started ideating at Initia, and we're finally getting close to Mainnet launch! As we are working through audits with our close security partners, we wanted to build a lil' event for the Initia community as a holiday treat. While we freeze the code base, you'll be able to freeze your Jennie if you have interacted with the previous testnets. ❄️ What if you don't have a Jennie or never got to try out the Initia XP program? Stay tuned - we'll have something out soon! 🙂 Lastly, thank you to all our supporters and community who have been with us through this journey. Getting mainnet out is only the start, and we're working hard behind the scenes to make sure that launch will the most engaging experience that you'll ever have. Please be patient, we are interwoven.
Freezing Mainnet 🧊 ▓▓▓▓▓▓▓▓▓▓▓░░░ 78% 🧊 Initia's Mainnet release code has officially been frozen and full coverage security audits are underway. To celebrate, we're freezing virtual dogs on the blockchain 🐶🧊: app.testnet.initia.xyz/xp
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The March.
March of the Initiates
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Watching closely over my fellow Initiates. The doors to the Multichain Garden of Eden are just opening. Initia
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The interwoven future dawns upon us gwoven fellow Initiates
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New project teams lacking the capital to effectively build initial liquidity has resulted in the community inadvertently purchasing tokens at 10~100x+ the initial listing price. Can’t wait for @0xdef1 to build LBPs on @astroport_fi to solve this problem 🌌
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If you’re building (or planning) on @initia, speak to me. We will help you with GTM, marketing, fundraising, hiring, growth, BD and just about anything. Speaking to and helping onboard ecosystem projects every single day, we're just getting started 🪢
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Couldn’t be more bullish on the Initia team
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ok, since we're talking about dogs on the timeline THE DOG NAME JENNIE
Honest newbie question. How does this work? I share my dog's name and picture, and then people create memcoins? How do you know which one is "official"? or does that even matter? (I see many people asking for a name and a picture. 😂)
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As a heavy Hyperliquid user, it's is one of the best examples of a hypersuccessful appchain. Customization at chain level around orderbooks, how txs are cancelled and clear revenue generation that feeds back to the community. A technical team that delivered a winning product!
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The future is clear for us. - Economic alignment across an ecosystem - Applications owning the value they create - Vertical integration - Complete ownership and customization - Interoperability Few 🤝
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Excessive staking yields for a marginal amount of economic security not only introduces cannibalization effects and direct competition with the application-level ecosystem, but it also is an indication of suboptimal capital allocation. By tapping into long-term aligned sitting investor capital, the Initia L1 is able to access cheap economic security and redirect excess supply in the form of increased incentives toward value accretive user behavior on the L2s. TLDR: increased consumer surplus for sticky application users through VIP as a result of economic security cost rationalization
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It’s been 1.5 years in the lab, so it’s great to finally release some of what we’ve been working on! Some thoughts as we’ve been slowly designing Initia ⬇️
A week one recap of The Initiation: Initia's Public Testnet. The theme is number go up technology.
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RFP: I want to see some of these projects working together + w/ other non-NFT projs built on the Interwoven Stack
Many NFT projects are becoming Interwoven NFTs 🪢 @kamigotchiworld @zaar_gg @intergaze_xyz @ANYO_nft @TeamTuzi @RcoonsNFT Study
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If you’re a founder, then you absolutely need to be using the projects built on your infra Bearish on those that don’t. Stay interwoven 🪢
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Every single team member at Initia puts the company on their back. They're like Jinx or Kog'maw from League of Legends. They hypercarry their own lane, and it's my job to be Lulu, speeding them up and supporting them to do so. Collective excellence.
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The Multichain Garden of Eden is our vision of a perfect onchain world, as imagined and purpose built by the Initia community. You’re so early. gwoven
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Initia team locked in on the weekends
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Initia is bullish on teams that are obsessed with listening to their users when going through new releases, balance patches, and in-product/game changes Remember that your users know the product as well (if not better!) than you do
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.@jennitiaj is alive and well
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Just BYOW "Bring Your Own Wallet" Whichever interwoven rollup you decide to use, irrespective of the VM, @initia gives you the freedom to use your wallet of choice from @Rabby_io to @phantom to @keplrwallet 🤝 You will bring your own wallet and you will be happy
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Our values at Initia and what we preach and live: 🪢 Obsession with your craft 🪢 High agency, leading with (initia)tive 🪢 Accountability and ownership 🪢 Communication As we near mainnet, we’re going god mode.
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If you have a level 9 Jennie from Initia’s testnet (and can prove it), DM me for a lil present
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Drinks on us at KBW
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Smile 📸 /march_of_the_initiates_end
📸 /march_of_the_initiates_end
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feeling interwoven 🪢 might delete later
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If you liked pre-mainnet, you’ll love post mainnet 🪢
wen mainnet? April 24
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Crypto is all about hyper financialization You should expect all the participants in the space to have financial gains at the top (or back) of their mind. If you’re a builder, it’s important to take this behavior into account, and build systems and frameworks for it. When designing mechanisms at @initia, we take this assumption as true (in most cases) and design systems that works when individual actors are trying to maximize their own utility function. Questions we ask ourselves and you should too: - How would a user/validator/L2 operator/builder act in this closed system if they are trying to maximize their own gain? - When they are maximizing their own gain? - How can we design a mechanism that is robust and works well with this assumption? Always consider edge cases and (economic) attack vectors but remember the underlying behaviors and motivations that exist today.
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With the launch of Unichain, it's clear we've been building in the right direction @initia — apps will become chains. The big remaining questions is... How do we imagine the underlying L1 supporting the rollups to ensure all of these applications are interwoven? Only Initia's Interwoven Stack allows new product builders to: - have the optionality choose from EVM, MoveVM, WasmVM for their application while still being able to interact with other SC environments through the underlying interoperability layer - instantly utilize tooling such as oracles, bridging, widgets, etc. from day one - cross pollinate user bases between different applications built on the same infrastructure stack - access deep liquidity that is unfragmented and shared with all rollups - have an economic model designed to help L2s win
We asked @ItsAlwaysZonny, co-founder of @initia, about the role of layer 1 in a world where app chains are the main focus👇
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The Interwoven Economy is growing. - Onchain games: @battleforblock, @kamigotchiworld, @civitiaorg, @infinityg_ai (soon) - DeFi: @blackwing_fi, @milky_way_zone, @RAVE__Trade, @EchelonMarket , @controrg (soon), @Inertia_fi (soon), @CabalVIP (soon) - NFT: @intergaze_xyz, @zaar_gg - Portfolio: @lunch_xyz, @Minity_xyz, - AI: @Rena_labs (soon) On testnet now, more soon 👀
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Jennie arc.
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gm, pls be nice 🪢
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Step into the multichain garden of eden
𝗜𝗻𝗶𝘁𝗶𝗮: 𝗧𝗵𝗲 𝗠𝗼𝗱𝘂𝗹𝗮𝗿 𝗔𝗽𝗽-𝗖𝗵𝗮𝗶𝗻 𝗕𝗲𝘁 𝗬𝗼𝘂 𝗦𝗵𝗼𝘂𝗹𝗱𝗻’𝘁 𝗜𝗴𝗻𝗼𝗿𝗲 Crypto markets are still chopping, but innovation isn’t. Enter @initia — a project tackling app-chain fragmentation with a modular L1 + L2 rollup approach. We took a deep dive. Here’s what you need to know 🧵👇
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The multichain experience will change drastically in 2025. It’s almost time.
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Onchain gaming is inevitable and Interwoven 🪢 @kamigotchiworld is not just about creating genuinely engaging and fun gameplay mechanics, but the tokenomics are also incredibly cracked. This approach to infra allows teams to capture value through chain level aggregation while maintaining delivering UX.
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Super important as a founder to recognize the areas where you’re needed. Otherwise, delegate responsibility and trust your team to do the best job possible. Makes it easier when you have a team like we do @initia, almost all of whom have launched products. gwoven 🪢
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If you’re a team building on @initia, we want to make sure you succeed and win, so that we all succeed. The Multichain Garden of Eden exists to create true proliferation in the combined success of the Interwoven Economy 🪢 Collaboration -> cross-pollination of user bases -> making this infrastructure seamless creates a multiplier effect. As a collective, we will try to accommodate you as much as possible.
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lazy...becomes...interwoven
Please...Be...Patient...Sloths...Are...Interwoven Lazychain will now be part of the Interwoven Economy with Celestia underneath ✨ We studied Jennie's sleeping techniques and realized we had to build on the Interwoven Stack 🪢
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Appchains reborn. Initia.
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The Interwoven Stack is a lot like Costco: less fungible choices, higher quality, wholesale prices Membership to launch a MEW (move, evm, or wasm) chain costs ~ $800 a month (thanks @newmetricxyz !) and you get all the perks -̶ $̶2̶5̶0̶k̶ ̶-̶ ̶$̶1̶.̶5̶m̶ ̶f̶o̶r̶ ̶a̶n̶ ̶e̶x̶p̶l̶o̶r̶e̶r̶: free - $̶1̶-̶2̶m̶ ̶f̶o̶r̶ ̶n̶a̶t̶i̶v̶e̶ ̶i̶s̶s̶u̶a̶n̶c̶e̶: free - $̶1̶5̶0̶-̶3̶0̶0̶k̶ ̶f̶o̶r̶ ̶a̶n̶ ̶o̶r̶a̶c̶l̶e̶: free - $̶1̶5̶0̶-̶3̶0̶0̶k̶ ̶p̶e̶r̶ ̶b̶r̶i̶d̶g̶e̶: free - $̶1̶0̶0̶-̶2̶5̶0̶k̶ ̶p̶e̶r̶ ̶o̶n̶/̶o̶f̶f̶ ̶r̶a̶m̶p̶: free - $̶2̶5̶-̶5̶0̶k̶ ̶p̶e̶r̶ ̶w̶a̶l̶l̶e̶t̶: free - $̶5̶0̶k̶ ̶f̶o̶r̶ ̶d̶o̶c̶u̶m̶e̶n̶t̶a̶t̶i̶o̶n̶ ̶a̶n̶d̶ ̶d̶e̶v̶e̶l̶o̶p̶e̶r̶ ̶r̶e̶s̶o̶u̶r̶c̶e̶s̶: free Maybe you even end up net positive with Initia VIP and additional in-store tasters. Enjoy low warehouse prices on name-brands products like LayerZero, Celestia, Skip, and more.
The cost of launching a chain should decrease 90% in the next 5 years I've never built an L2 so I don't actually know the real costs but I'd guess it breaks down something like this: - $250k - $1.5m for an explorer - $1-2m for native issuance - $500k - $2m per tier one exchange - $350k - $1.5m for security audits - $250-500k per custodian - $150-300k for an oracle - $150-300k per bridge - $100-250k per on/off ramp - $25-50k per wallet - $50k for documentation and developer resources [costs are in dollars but most deals structured as % of token supply] Total: $5-10m @LucaNetz said it costs $10-15m to run an L2 @AndreCronjeTech said he spent $5m+ to launch Sonic I'd guess over the next 5 years both costs and ease of deployment will fall at least 90% driven by: 1) Interop solutions like OP Stack, Arbitrum Orbit, ZK's Elastic Chains, Polychain AggLayer, Avalanche L1s, Cosmos etc 2) RaaS platforms like Gelato, Conduit, and Caldera This will 1000x the number of chains being built. We saw the same thing happen with websites and then again with software. Costs and ease of deployment fell 90% driving 1000x more shots on goal and thus a LOT more innovation. The future has thousands of chains, the future is bright.
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seems to quite a bit of talk on fully on chain games, especially FOCG builders looking to deploy their own chain. bringing games onchain will be an area that requires the one of highest level of customization due to the inherent characteristics of each game (real time vs. turn-based, rpg vs. fps, single player vs. multiplayer, etc). the emergent in-game economy is also the cornerstone for successful monetization and player engagement (look at all the players on runescape forums discussing item/gold sinks). simple conclusion is that the ability to customize the on-chain virtual economy necessitates the customization of the underlying (opinionated!) appchain. more news soon. choose Initia. stay interwoven 🪢
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It's a massive disservice to both you, your team, and your users if you're not capturing all the economic value that your app generates. Just build your own chain. Choose Initia.
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The Interwoven Stack is underpinned by 2 key principles. 1. Opinionated infrastructure One of the biggest problems developers face building is decision fatigue, making decisions on the underlying infra such as data availability, interoperability, oracles etc. Sometimes too many choices and flexibility can be a bad thing, you get every permutation and scenario and it can be hard to move forward. A guiding hand is particularly helpful for early ecosystems (especially those that are multichain). We believe that this alignment across the economic and infrastructure stack, allows you to work together in a cohesive way. Our core philosophy is making these opinionated decisions on the behalf of the developer, empowering them with the tools to create app specific environments while maintaining accessibility to the application ecosystem. Unfragmented infrastructure, geared towards creating network effects. 2. Unified experience Admittedly, UI/UX is still a major blocker for users. Our belief here is that consistency in the underlying chain infra and tooling across networks will ensure easy navigation in a multi chain world. This is because your users won’t need to learn different interfaces, for the same product interactions. This unified experience will allow familiarity in UX across these ‘full stack apps’, fuelling user growth and retention.
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DeFi on Initia Gaming on Initia Trading on Initia NFTs on Initia AI on Initia 🪢
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Same logo, same vision, new look.
Command + R initia.xyz
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We knew we had to work with @Theoryvc when @SpencerFarrar skipped his flight back home to have a first chat with us. @ttunguz and the team at Theory Ventures understand how revolutionary ecosystems are built, shown by his insightful analysis of Apple’s approach to design. At Initia, we share a similar vision — building an interwoven modular stack that offers the same seamless, universal experience as Apple does with its products, empowering thousands of networks to innovate while staying connected.
All your chains are belong to us 🪢 Initia is excited to announce our $14M Series A fundraise led by @ttunguz and @SpencerFarrar at @theoryvc with @Delphi_Ventures and @hack_vc doubling down.
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Wait til you see VIP 2.0
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Everyday is a good day to be interwoven
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Believe in @Initia 🪢 I see you yappers @killchain, @ItsAlwaysZonny, @r2Jamong, @73lV_, @rob_inwoods, @KPeruggi. @sadauna_2018 👀 Leaderboard shaping up nicely
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First step of the Initiate march
As we prepare to March, we are saying goodbye to the Initia Wallet Extension. For Initia Wallet users: you have until March 18th 3:00 AM UTC to migrate to a new wallet. You will not have access to your old testnet data past this point if you do not migrate. You MUST migrate if you want to keep your testnet Jennie and associated data. Migrate here ↪️ migration.initia.xyz Initia aims to lower barriers to entry into the Interwoven Economy, so moving forward the Initia Wallet Widget will be prioritized. This widget enables users to bring their own wallet — connecting existing EVM or Cosmos wallets to Interwoven Rollups of any VM. The March is upon us.
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Big week.
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May thy L1 chip and shatter
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Backstory for how VIP came to life We knew that we basically had the technological infrastructure to make the appchain deployment simple and the ui/x pieces that would allow users to seamlessly interact with applications living on separate chains without weird disconnecting experiences - it was like switching between dapps = switching between apps on your iphone However, there was always one question in the back of my mind: "Why should anyone care to be part of the broader ecosystem?" When you're pushing applications to spin up their own chain and providing full customizability in the interwoven stack, it's natural to assume that the product will eventually be tied to its own native token and have value tied to it, whether it be as a gas token or some other utility (as it rightly should!). So the first thought I had was "Let's give the end users the L1 token somehow." When you hold an thing that represents your stake in an system, you probably will care more about it than if you don't hold the thing. Sounds good so far. Well now you probably want to figure out a mechanism to get it into the hands of "valuable" users. The key insight is to realize that as much as the L1 (governance) can try to gauge the value of a user or a specific action, it will likely never be more informed than the team and community that built the product! Nice - so we let the teams decide the core KPIs, turn that into a measurable "score", and have the L1 allocate incentives linearly based on this metric. This is great, but what's the benefit to the L1? How can stakers who are committed to the security of the ecosystem (and in some sense, sharing the protocol rewards with users) be incentivized to keep VIP running? Well, we introduce both the weight and balance pools that determine the total VIP incentives an L2 receives. With the gauge voting on the weight pool, L1 governance power and voting is economically valuable. We've seen these types of mechanism elegantly play out for both Curve and Aerodrome-like voting systems. The balance pool in turn puts significance on having INIT on each of the L2s. Given the huge problem space for each "category" of product, these communities are best equipped to drive innovation around integrating INIT into their product. Why not leave the question of incorporating the L1 asset in their hands? Moreover, the weight and balance pools give us two levers for different stages of growth. In the early days, we want to spur growth, so we focus on the growth of mindshare through having a larger gauge weight pool. As the ecosystem starts to populate, the protocol has an option to focus on longer term growth by shifting incentivization towards innovation around L1 asset integration and increasing the buy-in of each L2 product community. Few other additional bells and whistles... The builders are also what made the ecosystem growth possible; let's incorporate a model we've seen before to reward them. Can you guess the simple model? It's equivalent to the commissions given to validators! We can introduce an operator commission rate, so that product teams are directly incentivized to bring as much innovation and growth (and incentives!) to their own users. This is great because they are now directly incentivized to build an awesome project as well as maintain the level of quality and innovation over time. There's also a few edge cases such as having one larger operator dominating the VIP incentives or bad actors, so the L1 governance is able to ensure fair behavior through max reward parameters (ex. maximum % of rewards received by one L2 can be capped if necessary) and has white/blacklist capacities for L2s in the VIP set.
ok so who wants to hear the origin story of Initia VIP
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what do I do when my whole bd team dies from one glass of soju
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Initia's VIP is not your product. It's a way to help products semi-monetize early on and provide a means to initially bootstrap (and later on, amplify) your economy. It's also an avenue in which products are able to find you 2nd, 3rd,... n-th repeat customers. Utilize VIP's KPI scoring over multiple epochs to hone in on the most valuable subset of users and reward them.
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Initia will be the only place where we’ll be able to measure targeted activity at the chain level. The % of esINIT vested per epoch will provide an intuitive visualization of user retention on the app layer. Additionally, unvested portions of the esINIT positions are returned back to the VIP reward pool, so I expect the real release amount of be much lower than the 7% of the 25% allocated to VIP. Any guesses on the total % vested and which app has the highest % of (fully) vested users in the second epoch?
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Hot take: TVL is mostly a useless metric. In general, TVL is usually a bad measure of “activity” unless one of your core KPIs for your product is sitting/reserve capital. Also the numbers are often differently defined across the industry… For lending protocols, is it total deposits or total deposits subtract total borrows? The way I see it, perhaps a lower 'TVL' would be better because it means higher usage of capital (to a certain degree ofc). "Okay so what metric do I use this?" 🤔 What I think is more important is how often capital “circulates” in your ecosystem/product. For example, how often are users moving assets between apps? Or in the lending market example above, how often are new lenders providing, old lenders borrowing/closing existing positions, and so on and so forth. A strong ecosystem has all the basic expected products (DEX, lending market, etc) as well as interesting native applications, so you want to cross-pollinate the user/dev base. IMO this is what really matters. Questions you should ask yourself constantly: How can I get a power user of product A to be a power user of product B? Is there anything that the underlying chain itself can do to encourage intermingling? Things like the below can help you get there: - Day 1 interoperable infra so that you don’t need to have users do migrations later on - Product such as UI/UX and tooling - Economics such as incentives and co-marketing I think it's time we an industry shift our focus of users rather than vanity "number go up" metrics like TVL, and optimize for growth. The rest will follow naturally 🤝 Initia
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